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Cryptocurrency cannot be accepted as payment for goods and services. State Securities Commission forbid industry firms from engaging in crypto related activities. UPDATE: Authorities are unsure of how to implement new crypto regulations. Banned mining rigs but the Ministry of Industry and Trade opposes the ban due to loss of business for the country.

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BitMart Labs Hosted 2019 Block Plus Summit Series III In Vietnam

Ho Chi Minh City, Vietnam, Sep 15, 2019 Block Plus Summit Series III was hosted by BitMart Labs, an international blockchain incubator launched by BitMart Exchange. The event brought together over 30 industry leaders, 6 keynote speakers, 30 top tier media in the fintech world, covering over 500 guests and 3000 participants online and offline.  […] The post BitMart Labs Hosted 2019 Block Plus Summit Series III In Vietnam appeared first on

Distributed E-commerce Network Project BitCherry was invited to attend the Hanoi Innovation Summit in Vietnam to actively build the Community in Vietnam

From 29 August to 30 August 2019, the two-day Hanoi Innovation Summit 2019 was held at the Hanoi National Convention Center in Hanoi, Vietnam. In recent years, the Vietnamese government has been actively keeping in touch with Blockchain technology, which has rendered Vietnam a good environment to develop Blockchain technology and applications, and thus Vietnam gained an opportunity to become one of the Blockchain Innovation Centers in Southeast Asia in the coming years. The summit, sponsored by Vietnam’s Ministry of Planning and Investment, and co-sponsored by SCHOOLAB, STARTUP SESAME, had one topic of Emerging Economies and focused on six themes of “Consumer Technology, Environment, Life Sciences, Smart Cities, Job Opportunities and Logistics”, with nearly 3,000 entrepreneurs, investors, industry scholars from all over the world sharing professional insights in relevant fields. BitCherry, a distributed e-commerce network project and also the only Blockchain e-commerce project invited to the summit, had its representatives of the Vietnamese community and its opinion leaders attended the convention. On site, BitCherry Vietnamese community representatives shared BitCherry’s distributed technology features and the concept of building eco-community, detailing “how BitCherry is reducing marginal costs and creating new business models in the e-commerce market facing economic downturn and giant monopolies.” During the sharing meeting, many participants agreed with BitCherry’s concept of distributed technology, saying that the participation of BitCherry would greatly facilitate the landing of Blockchain applications in Vietnam business. “Blockchain technology is growing rapidly in the distributed digital economy boom, and the Blockchain market in Vietnam is being valued by more and more practitioners,” said Paul, founder and CEO of BitCherry. BitCherry will continue to develop the Vietnamese market, make a strategic layout, and actively build the Vietnamese community while exploring the Vietnamese market. BitCherry will also create a credit-consensus based ultra-ecosystem by building a transparent, credible and tamper-neutral distributed network platform, combine Blockchain distributed technology with distributed ecology, and truly empower the real industry to create more value for Vietnam’s economic market. “ Blockchain is a technology that can change the production relationship, and a need for better grasp of Blockchain technology has already been the consensus of many capital institutions around the world. At present, more than half of Blockchain projects and developers in Vietnam are still at the primary level, while the Vietnamese market urgently needs for more high-quality Blockchain companies and developers to join. BitCherry, a distributed e-commerce network project, said it will use its clearer and more completed information to connect with quality media, institutions and communities, to better contact with Vietnamese users, and to actively build the Vietnamese eco-community and support Vietnam’s economic development. During the summit, many practitioners shared views to capture new commercial trends in current economic circumstance and to seek for new economic breakthrough points for the Vietnamese market. The post Distributed E-commerce Network Project BitCherry was invited to attend the Hanoi Innovation Summit in Vietnam to actively build the Community in Vietnam appeared first on NullTX.

Distributed Economy Outbreaks in Vietnam. BitCherry is Empowering Traditional Retail Service Industry

Coinspeaker Distributed Economy Outbreaks in Vietnam. BitCherry is Empowering Traditional Retail Service IndustryRecently, the distributed economy, because of its new economic concepts, underlying advanced information technologies such as Blockchain, AI, cloud computing, big data etc., and a huge influence on the traditional economic transformation, is causing fevers and upsurges round after round.On August 29th, 2019, the Vietnam Tech Summit 2019 Technology Summit, hosted by Business Review, one of Vietnam’s most famous and authoritative business magazines, was officially held in Ho Chi Minh City, Vietnam. Not only was BitCherry invited to the summit as one of the sponsors to the conference, but also Paul, its founder and CEO were invited to give a speech as a special guest, laying a solid foundation for the distributed economy implementation in Vietnam.Promoting the Concept of Distributed EconomyAs one of most important annual investment conferences of Business Review (Nhịp Cầu Đầu Tư), the summit brought together more than 300 elites from Vietnam’s top 50 companies, including technology leaders, economists, CEOs and entrepreneurs from various fields.With the main theme of “ABCD Power”, the conference aim to share and discuss more about the usage of technologies such as AI, Blockchain, Cloud (Cloud Computing), Data (Big Data) to transform traditional business models, as well as on how to achieve the implementation level of a commercial application. This conference will bring a tremendous change toward Vietnam’s business system.As the world’s first distributed e-commerce network, BitCherry took full advantage of the opportunities in this conference to bring new concepts and implementations methods of the distributed economy to Vietnam.Prior to the meeting, the host business Review held a welcome dinner on the 28th where BitCherry founder and CEO, Paul, was invited by the organizers to attend. The invited guests in this dinner inclusive of founders of Vietnam’s top 50 companies, whereby a discussion on how to address the traditional business pain points on the Vietnamese market is held.Through the dinner, Paul and elite representatives shared views on the orientation of Blockchain development and its implementation feasibility in Vietnam with consensus reached on a wide range of issues. During the meeting, BitCherry founder and CEO, Paul, made an in-depth discussion with guests on topics such as “How the distributed economy will subvert traditional business model” and “How BitCherry is practicing the distributed economy as an ecosystem.”Paul during the interview with FBNC (Finance Business News Corporation)During the meeting, FBNC, a well-known financial and commercial news media in Vietnam, made a personal interview to Paul. In this interview, Paul elaborated the application value of distributed technology in the economy and focused on his opinions on the future development of distributed technology.Paul mentioned that“BitCherry will achieve fair P2P sharing and trading by building a transparent, trusted, non-tamperable distributed network platform. On this ecological platform, the community will play a big role whereby the enterprises and users in Vietnam can complete a value creation based on the credit consensus without any form needed which inclusive of goods for goods, labor for value, and digital assets for real value. This kind of public and decentralized ecology is the value network of the distributed economy. In the future, BitCherry will upgrade to Ecosystem as Finance by establishing a strong eco-community. And afterwards, it will make cross-industry subversions in banking, accounting (auditing), insurance, healthcare, municipal administration, transportation, taxation, food, agriculture, automotive and other areas. “Promoting the Transformation of Vietnam’s Traditional Economic ModelIn recent years, Vietnam’s economy has maintained a relatively high growth rate. Labor productivity across Vietnam grew by nearly 6% in 2017, and the growth model is shifting towards sustainable development, gradually reducing its dependency on natural resources, particularly crude oil, and moving towards industries with new economies as a pillar.As of March 2019, 131 countries and regions, including South Korea, Japan, China, Singapore and the United States, had invested in emerging industries in Vietnam, with a registered capital of $346.5 billion, according to the Economic Daily, citing data from Vietnam’s Ministry of Planning and Investment. Under such conditions, the distributed economy is providing opportunities for further economic growth and corner overtaking in Vietnam.BitCherry Founder and CEO, Paul, was giving a speechTalking about how to empower Vietnam’s traditional business applications through a distributed economy, BitCherry founder and CEO Paul said,“The distributed economy is a new economic system that evolved after the birth of Blockchain, and the difference between it and the traditional economic system is that the way value networks are built has changed. As a country with a demographic dividend of nearly 100 million people, Vietnam has been actively exploring the Blockchain field in recent years, both by nation and by enterprises, and this inclusive attitude towards market will greatly facilitate the transition from Vietnam’s traditional economic model to Blockchain. Vietnam’s Blockchain market is also being valued by more and more practitioners.BitCherry, as an industry technology pioneer who has made an early strategic layout in Vietnamese market, will rely on its own Blockchain distributed technology to empower the traditional retail service industry, to improve Vietnam’s distributed economic system, to reconstruct the new economic ecology, to create a completed Vietnam distributed economic ecosystem, and to help and make more organizations and enterprises to create their own business ecology. I am looking forward to further discussions with Vietnamese developers on how to promote the development of distributed technology in Vietnam as well as the issues on building the ecosystem.”As the number of users continues to grow and the strategic layout continues to evolve, the BitCherry team is planning to tap into new market potential and accelerate collaboration with strategic partners. Oriented to safeguarding the interests of companies and users in the ecosystem, to be more responsible towards the investors.At the same time, BitCherry’s technical team will continue to develop chain-net technology to accelerate the landing of the eco-community economic model and to build a transparent, trusted and non-tamperable distributed network value platform. BitCherry has the motivation and also abilities to combine distributed e-commerce with the actual needs of Vietnamese companies to empower Vietnam’s traditional business scenarios.Distributed Economy Outbreaks in Vietnam. BitCherry is Empowering Traditional Retail Service Industry
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What is actually crypto — asset, currency or collectible?

Coinrail has a recovery plan, Cambodian investors need a license, Vietnam approved a cybersecurity bill, Australia will collect Capital Gains Tax, Japan will release new guidelines, SEC threatens McAfee, BitTorrent's price, the US officials will disclose their crypto holdings.

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Opera Brings BTC to Android; Now Looking to Add TRON

Who would have known Opera and bitcoin could go so well together? We’re not necessarily talking about classically trained singers that wear Viking horns and hit high notes, but rather the Norwegian financial platform that’s been touting the addition of bitcoin to its Android app since July of 2018. Opera and BTC: A Perfect Match? The app was launched privately and was later available to the public in December. Opera inherently became one of the first browsers to support bitcoin directly, and customers did not need any extensions or follow-up downloads to engage in crypto transactions. From there, bitcoin support came to the Opera iPhone app. Opera presently has about 350 million users, and many enthusiasts see this as a prime movement in the fight to make bitcoin mainstream. In a blog post, the company writes: With this release, Opera opens its crypto wallet to the world’s most popular blockchain, making it possible to send and receive BTC directly from the browser the way one would with an image or a music file. This means anyone can now not only send bitcoin and Ethereum to another person but can also use it while interacting with websites to pay for goods or services. Up to this stage, Opera only provided support for Ethereum, the world’s second-largest cryptocurrency and a primary competitor to bitcoin. However, the company is also introducing plans to support Tron in the coming months. The last few weeks have marked by a whole new list of platforms or companies showing support for cryptocurrencies they otherwise were ignoring. One such example comes in the form of the new HTC smartphone known as Exodus 1s, which can allegedly support a full bitcoin node. This means that the phone can hold the entire blockchain ledger. Other examples include Electrum, a new bitcoin wallet which has recently added the Lightning Network to its platform. The Lightning Network is designed to assist with scalability on the bitcoin blockchain. While bitcoin is the oldest, largest and arguably the most popular of the world’s cryptocurrencies, it often lacks the up-to-date technology of its newer altcoin counterparts. Thus, it suffers from slow transaction times and smaller blocks. How Lightning Is Making Things Simpler The Lightning Network initiates micropayments that occur off-chain to ensure that they are pushed through quickly. Electrum’s addition of Lightning is likely to enable faster speeds for customers and ensure that payments are pushed through with ease. We’ve also received word of a new startup called Moon, which allows Amazon customers to purchase goods and services from the online retailer with crypto. The application also works through Lightning-based technology and appears to recognize the Amazon page once you log in. When you’re ready to check out, it provides you with a crypto pay option that shows how many available funds you can spend. The post Opera Brings BTC to Android; Now Looking to Add TRON appeared first on Live Bitcoin News.
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Opera Continues Bullish Crypto Mainstream Drive With Bitcoin Payments

Browser minnow Opera is ramping up cryptocurrency support for Android users in version 54, which has just been released on Tuesday. Among a host of other cosmetic improvements and a new UI, this latest release improves upon the current crypto wallet with support for both Bitcoin and Tron payments. Ethereum has been the staple payment […] The post Opera Continues Bullish Crypto Mainstream Drive With Bitcoin Payments appeared first on

Carson Wentz Gossip Turns Eagles Into Daytime Soap Opera

After the beating the Dallas Cowboys gave the Philadelphia Eagles Sunday night, fans were probably wondering how things could get worse. When they woke up Monday morning, they found out. It appears that at least one fool decided to burn his Carson Wentz jersey following the loss, and – more significantly – Alshon Jeffery is […] The post Carson Wentz Gossip Turns Eagles Into Daytime Soap Opera appeared first on

The Ethereum Ecosystem: Still Relevant After All These Years

Ethereum first went live in 2015, and since then, it’s become one of the market’s top coins. And while four years may not be a lot in most markets, in crypto it’s a lifetime. For Ethereum, it has been quite a ride. With a market cap of $19 billion, Ethereum is the second largest cryptocurrency in existence, and recent reports show that it provides a benchmark for the market. Of course, there’s much more to its success: the Ethereum ecosystem is thriving in its own right. In short, Ethereum is one of the most extensible blockchains. It offers developers the opportunity to create tokens, dApps, collectibles, financial applications, and more. Plus, Ethereum itself will soon be better than ever. Here’s what the Ethereum community is up to right now—and what the Ethereum ecosystem has to offer. Dominance Over dApps and Tokens Ethereum currently leads the dApp market with its sheer number of listings. Right now, it has a total of 2000 dApps—four times more than TRON or EOS, its closest competitors. Ethereum also closely matches those blockchains in terms of dApp volume—each platform handles about $10 million of crypto through its apps in a typical day.   Daily dApp transaction volumes in dollars, via DAppReview   To be fair, EOS and TRON dominate in terms of dApp users and transactions (although many of these are simple gambling apps). Still, Ethereum has a few notable apps in those measures: MakerDAO attracted 2200 users on Monday, making it the third largest dApp by user count. Meanwhile, dYdX, a derivatives platform, handled $371,000 on Monday—making it the 9th largest app by that metric. Ethereum’s token standards are also incredibly influential. Of the top 50 cryptocurrencies by market cap, at least 20 are based on Ethereum’s ERC-20 token standard—including big names like BAT and LINK. Plus, Ethereum’s non-fungible ERC-721 standard has begat collectible items like Decentraland properties and CryptoKitties. New Opportunities For Investment As Ethereum matures, there might be new ways to invest. Recently, the CFTC declared that Ethereum is a commodity, meaning that ETH futures may become an option for institutional investors in the future. It’s conceivable that Bakkt might add ETH futures alongside its BTC futures—though it hasn’t said so explicitly. Additionally, there are some retail platforms that already trade Ethereum futures, such as BitMEX and Kraken. These options attract speculative investors who might not trade on the crypto market itself. Even though futures don’t affect Ethereum’s value directly, they bring value into the crypto ecosystem and facilitate price discovery. There are other investment opportunities as well. MakerDAO, for example, allows you to lock up your Ether as collateral and create Dai stablecoins in return. Meanwhile, peer lending platforms like ETHLend allow you to earn interest by lending out Ether. Suffice to say, there’s a lot you can do with your Ether holdings. Preparing For Ethereum 2.0 Ethereum’s next big milestone will be Ethereum 2.0, which will introduce staking, which allows coinholders to earn rewards. It will also improve scalability through features like sharding, which will allow the blockchain to handle many more transactions. Though Ethereum 2.0 is a multi-year effort, staking should be available in the next few months. At the moment, different Ethereum development groups are running separate testnets. These became interoperable in early September, and according to Ethereum’s creator, Vitalik Buterin, a public network is rapidly approaching. This will be the “last major milestone [before] the network,” Buterin stated during a recent event in Hong Kong. Buterin has also suggested that the upgrade will be seamless. In a post on, Buterin suggested that app developers will need to migrate, but coinholders won’t need to do anything at all: “You may want to move your funds into [an ETH2] wallet eventually, but you do not strictly have to and there is no time limit,” he wrote. Can Ethereum Stay Relevant? Of course, not everyone is happy with Ethereum. Some dApps, such as Ethermon, have moved to blockchains like Zilliqa due to the promise of faster transaction speeds. Meanwhile, some projects with ERC-20 tokens have migrated to other platforms like Binance Chain. Finally, some critics believe that sharding is not secure. But despite criticism, Ethereum probably won’t go away. Its brand, market standing, its dominance over dApps, and its ability to drive hype for version 2.0 seem to be a winning combination. Though it has many competitors, Ethereum has first mover advantage and the biggest developer community in crypto —giving it a head start and making it the favorite to continue to tower over the competition.     The post The Ethereum Ecosystem: Still Relevant After All These Years appeared first on Crypto Briefing.
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